2023 Q2 Form 10-Q Financial Statement
#000149315223017180 Filed on May 15, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $130.0K | $100.0K | |
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $130.0K | $100.0K | $180.00 |
YoY Change | 81150.0% | -98.2% | |
Operating Profit | -$133.8K | -$97.18K | |
YoY Change | 85683.97% | 359825.93% | |
Interest Expense | $600.0K | ||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $470.0K | -$100.0K | -$180.00 |
YoY Change | -293850.0% | -98.2% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $468.7K | -$97.18K | -$180.00 |
YoY Change | -293039.38% | 359825.93% | -98.2% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.08 | $43.62 | |
Diluted Earnings Per Share | -$0.02 | -$3.90 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 8.140M shares | 133.3K shares | |
Diluted Shares Outstanding | 2.140M shares | 1.514M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $120.0K | $320.0K | $47.48K |
YoY Change | 136.25% | ||
Cash & Equivalents | $0.00 | $0.00 | $0.00 |
Short-Term Investments | |||
Other Short-Term Assets | $110.0K | $90.00K | $6.980K |
YoY Change | |||
Inventory | |||
Prepaid Expenses | $114.1K | $87.20K | $6.979K |
Receivables | |||
Other Receivables | $34.32K | ||
Total Short-Term Assets | $264.6K | $446.1K | $54.46K |
YoY Change | 229.38% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $61.80M | $61.20M | |
YoY Change | |||
Other Assets | $30.00K | $40.00K | $443.3K |
YoY Change | -88.28% | ||
Total Long-Term Assets | $61.83M | $61.24M | $443.3K |
YoY Change | 17847.92% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $264.6K | $446.1K | $54.46K |
Total Long-Term Assets | $61.83M | $61.24M | $443.3K |
Total Assets | $62.10M | $61.69M | $497.7K |
YoY Change | 12841.46% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $125.6K | $187.3K | $38.62K |
YoY Change | 998.6% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $444.0K |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $135.6K | $197.3K | $482.6K |
YoY Change | -57.21% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $135.6K | $197.3K | $482.6K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $135.6K | $197.3K | $482.6K |
YoY Change | -57.21% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$240.9K | -$107.1K | -$9.897K |
YoY Change | |||
Common Stock | $214.00 | $214.00 | $173.00 |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $156.9K | $290.7K | $15.10K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $62.10M | $61.69M | $497.7K |
YoY Change | 12841.46% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $468.7K | -$97.18K | -$180.00 |
YoY Change | -293039.38% | 359825.93% | -98.2% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$210.0K | -$60.59K | -$3.920K |
YoY Change | 544.6% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | -$61.20M | |
YoY Change | |||
Cash From Investing Activities | $0.00 | -$61.20M | |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | $61.54M | -2.620K |
YoY Change | -111682.5% | -101.31% | |
NET CHANGE | |||
Cash From Operating Activities | -210.0K | -$60.59K | -3.920K |
Cash From Investing Activities | 0.000 | -$61.20M | |
Cash From Financing Activities | 0.000 | $61.54M | -2.620K |
Net Change In Cash | -210.0K | $277.2K | -6.540K |
YoY Change | -529.36% | -103.27% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$210.0K | -$60.59K | -$3.920K |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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43.62 | |
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-1200000 | usd |
CY2023Q1 | TMTCU |
Stock Issued During Period Value Representative Shares Issued
StockIssuedDuringPeriodValueRepresentativeSharesIssued
|
1741500 | usd |
CY2023Q1 | TMTCU |
Adjustments To Additional Paid In Capital Other Offering Costs
AdjustmentsToAdditionalPaidInCapitalOtherOfferingCosts
|
-2668701 | usd |
CY2023Q1 | TMTCU |
Stock Issued During Period Value Initial Measurement Of Ordinary Shares Subject To Redemption Against Additional Paidin Capital
StockIssuedDuringPeriodValueInitialMeasurementOfOrdinarySharesSubjectToRedemptionAgainstAdditionalPaidinCapital
|
-58645200 | usd |
CY2023Q1 | TMTCU |
Adjustments To Additional Paid In Capital Allocation Of Offering Costs To Ordinary Shares Subject To Redemption
AdjustmentsToAdditionalPaidInCapitalAllocationOfOfferingCostsToOrdinarySharesSubjectToRedemption
|
3781346 | usd |
CY2023Q1 | TMTCU |
Adjustments To Additional Paid In Capital Deduction For Increases Of Carrying Value Of Redeemable Shares
AdjustmentsToAdditionalPaidInCapitalDeductionForIncreasesOfCarryingValueOfRedeemableShares
|
-6336146 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-97180 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
290722 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
290722 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-97180 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-27 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
10000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
122105 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
148693 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-9371 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-60592 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-9398 | usd |
CY2023Q1 | TMTCU |
Cash Deposited Into Trust Account
CashDepositedIntoTrustAccount
|
61200000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-61200000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
60000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
3221664 | usd |
CY2023Q1 | TMTCU |
Payment Of Underwriting Discount
PaymentOfUnderwritingDiscount
|
1200000 | usd |
CY2023Q1 | TMTCU |
Payment Of Offering Costs
PaymentOfOfferingCosts
|
483918 | usd |
CY2022Q1 | TMTCU |
Payment Of Offering Costs
PaymentOfOfferingCosts
|
55150 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
61537746 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-55150 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
277154 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-64548 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
200000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
324632 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
135452 | usd |
CY2022Q1 | TMTCU |
Reclassification Of Amount Due To Related Party To Promissory Note
ReclassificationOfAmountDueToRelatedPartyToPromissoryNote
|
244018 | usd |
CY2023Q1 | TMTCU |
Deferred Offering Costs Included In Accrued Expenses
DeferredOfferingCostsIncludedInAccruedExpenses
|
2668701 | usd |
CY2023Q1 | TMTCU |
Note Payable To Related Party Converted To Subscription Of Private Placement
NotePayableToRelatedPartyConvertedToSubscriptionOfPrivatePlacement
|
444018 | usd |
CY2023Q1 | TMTCU |
Receivable From Related Party For Purchase Of Private Placement
ReceivableFromRelatedPartyForPurchaseOfPrivatePlacement
|
34318 | usd |
CY2023Q1 | TMTCU |
Allocation Of Offering Costs To Ordinary Shares Subject To Redemption
AllocationOfOfferingCostsToOrdinarySharesSubjectToRedemption
|
3781346 | usd |
CY2023Q1 | TMTCU |
Reclassification Of Ordinary Shares Subject To Redemption
ReclassificationOfOrdinarySharesSubjectToRedemption
|
58645200 | usd |
CY2023Q1 | TMTCU |
Remeasurement Adjustment On Ordinary Shares Subject To Possible Redemption
RemeasurementAdjustmentOnOrdinarySharesSubjectToPossibleRedemption
|
6336146 | usd |
CY2023Q1 | TMTCU |
Issuance Of Representative Shares At Fair Value
IssuanceOfRepresentativeSharesAtFairValue
|
1741500 | usd |
CY2023Q1 | TMTCU |
Forfeiture Of Ordinary Shares
ForfeitureOfOrdinaryShares
|
23 | usd |
CY2023Q1 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2021-07-06 | |
CY2023Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10.20 | |
CY2023Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10.20 | |
CY2023Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10.20 | |
CY2023Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10.20 | |
CY2023Q1 | TMTCU |
Cash Deposited Into Trust Account
CashDepositedIntoTrustAccount
|
61200000 | usd |
CY2023Q1 | us-gaap |
Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
|
3868701 | usd |
CY2023Q1 | us-gaap |
Payments For Underwriting Expense
PaymentsForUnderwritingExpense
|
1200000 | usd |
CY2023Q1 | us-gaap |
Other Deferred Costs Net
OtherDeferredCostsNet
|
2668701 | usd |
CY2023Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
324632 | usd |
CY2023Q1 | us-gaap |
Cash
Cash
|
324632 | usd |
CY2023Q1 | TMTCU |
Working Capital
WorkingCapital
|
248833 | usd |
CY2023Q1 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
25000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
|
444018 | usd |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_846_eus-gaap--UseOfEstimates_zOqt5apaqcCd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_867_zpVh6oTTtR54">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statement in conformity with US GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of expenses during the reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statement, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
CY2023Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_842_eus-gaap--ConcentrationRiskCreditRisk_zYAAjI3e06Jd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86B_zh543P3AOnkh">Concentration of Credit Risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $<span id="xdx_90F_eus-gaap--CashFDICInsuredAmount_iI_c20230331_z6kyNhalNEAi" title="Cash FDIC insured amount"><span id="xdx_90E_eus-gaap--CashFDICInsuredAmount_iI_c20221231_ze5BCywX8ae1" title="Cash FDIC insured amount">250,000</span></span>. At March 31, 2023 and December 31, 2022, the Company did not experience losses on this account and management believes the Company is not exposed to significant risks on such account.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q1 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2022Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-97180 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-27 | usd |
CY2023Q1 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
6336146 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-6433326 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-27 | usd |
CY2023Q1 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10.20 | |
CY2023Q1 | us-gaap |
Net Shares Reclassified To Mandatorily Redeemable Capital Stock Value
NetSharesReclassifiedToMandatorilyRedeemableCapitalStockValue
|
3781346 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1725000 | shares |
CY2023Q1 | TMTCU |
Business Acquisitions Name Of Acquired Entity
BusinessAcquisitionsNameOfAcquiredEntity
|
The Sponsor has agreed, subject to limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination and (B) the date on which we complete a liquidation, merger, share exchange, reorganization or other similar transaction after our initial business combination that results in all of our public shareholders having the right to exchange their ordinary shares for cash, securities or other property. Notwithstanding the foregoing, if the last reported sale price of the ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Business Combination. | |
CY2023Q1 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
10000 | usd |
CY2023Q1 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
10000 | usd |
CY2023Q1 | us-gaap |
Underwriting Commitments
UnderwritingCommitments
|
The underwriters were entitled to a cash underwriting discount of $0.20 per Unit, or $1,200,000 in the aggregate, which was paid upon the closing of the Initial Public Offering. | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q1 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
Holders of Class A and Class B ordinary shares were entitled to one vote for each share. | |
CY2022Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
150000000 | shares |
CY2022Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2140000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
2140000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1725000 | shares |
CY2023Q1 | us-gaap |
Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
|
Simultaneously with the closing of the IPO, the Company issued to Maxim Partners LLC, pursuant to the underwriting agreement, 270,000 Representative Shares (the “Representative Shares”). The underwriter has agreed not to transfer, assign or sell any such Representative Shares without prior consent of the Company until the completion of the initial Business Combination. | |
CY2023Q1 | TMTCU |
Fair Value Of Representative Shares
FairValueOfRepresentativeShares
|
1741500 | usd |